US-based fertility tracking app developer Glow has raised $17m from a series B round that included Formation 8, the venture capital firm backed by several Asian corporates.
VC firms Founder’s Fund and Andreessen Horowitz also participated in the round, the two having previously invested a joint $6m for Glow’s series A round in August 2013.
Glow is a fertility app that uses data science to help couples try and conceive. The new capital will be used to expand the company globally.
Mike Huang, chief executive and co-founder of Glow, said: “We’ve seen phenomenal momentum since launching in the summer of 2013, from announcing 25,000 pregnancies at our one year mark, to rolling out Glow First, Glow for Enterprise and Glow Nurture – but our ambitions are big. To name a few, we’d like to double-down on the product, on our data and research, and on insurance.”
Following the round Joe Lonsdale, founding partner of Formation 8, and Nellie Levchin, managing partner of data-focused investment firm HVF, will now join Glow’s board of directors.